Office Warehouse Flex
For Sale
$2,076,000
995 W Iliff Ave, Denver, CO 80223
Single-tenant office warehouse offers versatile loading, ample natural light, and heavy power.
Property Size11,200 SF
Days on Market95
Property Features for 995 W Iliff Ave
General Information
Standard status
Active
Size
11,200 SF
Property subtype
Industrial
Additional Details
Heavy Power
Yes
Building Details
Building Size
11,200 SF
Year Built
1963
Tenancy
Single
Listed By:
Craig Myles, SIOR
(303) 570-9641
Source:
Pinnaclerea
Added: Jul 12
Changed: Oct 9
Last Checked: Oct 12 at 5:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Craig Myles, SIOR
Investment Insights
Based on property information with market context.
995 W Iliff Ave is a single-tenant office/warehouse property offering a flexible layout suited to industrial and service-oriented operations. The building includes versatile loading, ample natural light, and heavy power.
The property is located just off Evans Ave and Santa Fe Dr, providing convenient access to the surrounding area.
As a combined office and warehouse facility, it is designed to support both work space and light industrial functions within one tenant setup.
The property is located just off Evans Ave and Santa Fe Dr, providing convenient access to the surrounding area.
As a combined office and warehouse facility, it is designed to support both work space and light industrial functions within one tenant setup.
Key Highlights
- Single‑tenant office/warehouse building built in 1963
- Versatile loading for office/warehouse use
- Ample natural light throughout the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,102
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,282,040
$3.3M
Cap Rate 7%
$2,344,314
$2.3M
Cap Rate 9%
$1,823,356
$1.8M
Market Conditions
NOI Build-Up for 11,200 SF
Gross rent
$295.7K $26.40/SF
− Vacancy
−$76.9K −$6.86/SF
EGI
$218.8K $19.54/SF
− OpEx
−$54.7K −$4.88/SF
NOI
$164.1K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,282,040
Cap Rate 7%
$2,344,314
Cap Rate 9%
$1,823,356
Alternative Uses
Best Use
Office B
$2.34M
$2.05M – $2.74M
NOI $164,102 @ 7.0% cap · market cap 7.90%
Second Best
Warehouse
$1.65M
$1.45M – $1.93M
NOI $115,737 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,575 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Flex space - Single-tenant office warehouse offers versatile loading, ample natural light, and heavy power.
Where is this flex space located?
The property is located at 995 W Iliff Ave Denver, CO.
What is the asking price?
The asking price for this property is $2,076,000.
What are key features of this property?
This property features: Single‑tenant office/warehouse building built in 1963; Versatile loading for office/warehouse use; Ample natural light throughout the building
